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7 practices to avoid construction cost overruns

Corporate Real estate, Public and Parapublic

Construction cost overruns often make headlines. Between 2009 and 2013, $500 million was spent on excess costs for construction work on public projects, costs that could have largely been avoided with more rigorous management practices (reference). The cost overruns affect private sector construction projects just as much, for all countries combined. For the Chunnel, the […]

Investing in our municipal infrastructure, while keeping costs under control

Posted by Patrick Vallerand

Public and Parapublic

Like a domino effect, a cost overrun in a project inevitably cuts off the municipality’s ability to carry out other projects planned to improve and provide quality services to the public. Everyone loses when the bill is too high. Municipal infrastructures ensure the mobility of passengers and freight, supply quality drinking water, treat our waste, […]

How much does a 2.7 km tunnel cost?

Posted by Arnaud Rogiez

Public and Parapublic

It all depends on your ability to assess the project’s risks! Last spring, after 4 years of work, the 2.7 km tunnel dug to replace the Alaskan Way viaduct in Seattle was completed. This project became famous thanks to Bertha, the 17.4 m diameter drilling machine specially constructed for the occasion. In 2013, after only […]